https://www.taxtmi.com/circulars?id=67841 SEBI prescribes specific due diligence by AIFs, their managers and Key Management Personnel to prevent circumvention of QIB/QB benefits, RBI prudential norms on stressed assets, and NDI Rules on border-country investments. Triggers include schemes where same group investors contribute fifty percent or more of corpus (for QIB/QB and border-country scrutiny) and specified twenty five percent/control-based tests for RBI regulated investors; due diligence must follow implementation standards formulated by the Standard Setting Forum for AIFs. Non compliant proposed or existing investments must either exclude relevant investors or be withheld, and must be reported to custodians who compile and furnish information to SEBI. en-us Tue, 08 Oct 2024 00:00:00 +0530 Wed, 09 Oct 2024 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67841 SEBI prescribes specific due diligence by AIFs, their managers and Key Management Personnel to prevent circumvention of QIB/QB benefits, RBI prudential norms on stressed assets, and NDI Rules on border-country investments. Triggers include schemes where same group investors contribute fifty percent or more of corpus (for QIB/QB and border-country scrutiny) and specified twenty five percent/control-based tests for RBI regulated investors; due diligence must follow implementation standards formulated by the Standard Setting Forum for AIFs. Non compliant proposed or existing investments must either exclude relevant investors or be withheld, and must be reported to custodians who compile and furnish information to SEBI. Circulars SEBI Tue, 08 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67841